DDD MetalWorks plans to go public in the next two years. In order to be listed on the New York Stock Exchange, the firm will need to restructure its present board of directors which is made up of a majority outside independent directors to a board of directors that is dominated by insiders and related outsiders.

Question

Quizplus · Accepted Answer

This statement is false. The New York Stock Exchange requires a majority of independent directors on the board of a publicly traded company.

DDD MetalWorks Plans to Go Public in the Next Two